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Departing Satara Cooperative Group boss Tom Wilson has taken a stab at Zespri International’s brokerage fees at the expense of growers in his last update to shareholders. The Te Puke-based kiwifruit and avocado grower is still in talks with Zespri, which controls the nation’s kiwifruit exports, over its 6 percent brokerage rate on gross sale proceeds and 6 percent of …

The Commerce Commission has given itself an extra two months to consider competition issues raised by Vector’s proposed purchase of Contact Energy’s gas metering business, following submissions claiming the move will create a “virtual monopoly” in gas metering in Auckland.   While Vector’s application for clearance of the purchase by the competition watchdog attracted only two submissions, the commission has …

New Zealand property values rose 5.7 percent last year, driven by gains in Auckland and a recovery in Christchurch, and the housing market in the country’s biggest city is set to keep climbing, according to Quotable Value. Property values were 1.5 percent in the three months ended Dec. 31 from the same period a year earlier, rounding out the annual …

  Inghams Enterprises has yet to find a buyer for Australasia’s biggest chicken producer, which owner Bob Ingham put up for sale last July with a price tag reportedly of A$1.4 billion. “We’ve not agreed to sell the business or got an agreed buyer,” Paddy Watts, Inghams financial controller, told BusinessDesk. “We were hoping to have it done by now …

The holding company for the New Zealand Steel mill at Glenbrook, near Auckland, has posted a 26.7 percent drop in tax-paid earnings in the year to June 30, according to Companies Office records filed before shortly before Christmas. Profit fell to $95.3 million from $126.4 million a year earlier, the bare bones accounts for Tasman Steel Holdings show. The company …

The New Zealand dollar extended its decline from a four-year high against the yen as traders pondered the pace of monetary easing by the Bank of Japan that has weakened its currency against most trading peers. The New Zealand dollar dropped to 72.8 yen from 73.10 yen at 5pm in Wellington yesterday. The kiwi slipped to 83.49 US cents from …

New Zealand shares rose in subdued January trading, led by Metlifecare, Telecom and PGG Wrightson as investors were drawn to the yields available on equities in the face of low interest rates. The NZX 50 Index rose 5.52 points, or 0.1 percent, to 4090.36. Within the index, 13 stocks rose, 25 fell and 12 were unchanged. Turnover was $82.8 million. …

  New Zealand’s only oil refinery, at Marsden Point, is too vulnerable to the risks of a major fire or destruction from a tsunami, says Air New Zealand in a submission on a government review of the country’s transport fuel security arrangements. custom essays The national carrier also suggests the country should abandon its $10 million a year membership of …

  The University of Canterbury has partnered with ASX-listed Navitas as part of its strategy to double the percentage of foreign students enrolled to study. buy a essay No financial details of the five-year agreement were provided. Perth-based Navitas and the university will establish a new entity called UC International College, to recruit and prepare international students for study at …

Goodman Property Trust, the second-biggest property investor on the NZX, has scaled its unit purchase plan after oversubscriptions top out. The Auckland-based property investor has scaled applications to 77.95 percent after receiving$38.5 million of bids in the offer to unitholders, some $8.5 million above its limit, the company said in a statement. The UPP was seeking to raise $20 million …